Primoris Services Corporation
In the published model solve dated 2026-Q2, anchored at $83.42, Primoris Services Corporation (PRIM) is priced for +6.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- Primoris is an infrastructure contractor split between Utilities at about 42% of the business and Energy at 58%, with a total backlog near $11.6 billion. The Utilities segment, tied to power delivery and grid work, is the higher-quality, growing piece. - The balance sheet is a standout: net debt is only about 0.25 times operating income, an unusually conservative position for a project-based contractor, which gives it room to fund growth and acquire. - At $101.22 the price embeds about 18% ope
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492 institutional managers reported holding PRIM in 13F filings for the quarter ended 2026-03-31. 88 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 4.0M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (1.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PRIM's share count grew 0.7% over the past five years even with $5.99M spent on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting); the current rate is $0.32 a share annually. Cash returned over the past three years: $40.87M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PRIM over the trailing three years: 2025: 1 buy totaling $2k; 2026: 1 buy totaling $2k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PRIM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | +5.7% | -4.5% |
| 2023-11-09 | +1.5% | +7.7% |
| 2024-02-28 | -5.4% | +15.9% |
| 2024-05-10 | +5.1% | +4.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PRIM's latest 8-K filings: 2026-08-04 (items 2.02, 8.01, 9.01); 2026-06-22 (items 2.02, 5.02, 7.01, 9.01); 2026-05-05 (items 2.02, 5.02, 5.07, 8.01, 9.01); 2026-03-17 (items 5.02); 2026-02-23 (items 2.02, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.